Deciding the location and operating conditions of a small business is an
important decision to make. Certain types of small businesses may be operated from home, including those who do work such as graphic designers and consultants, off-site services such as electrical and plumbing, and arts and crafts businesses. Running a business out of the home is cheaper than leasing office space, and home business tax deductions that cover home expenses such as rent, property taxes, utilities, and insurance are generally available. However, small business owners must ensure that they are not violating any local zoning laws by operating a business out of their home.
When operating a business from home is not an option, small business owners typically consider leasing office space. Although the commercial real estate market in most of the country remains a tenant’s market in the wake of the recession, the Denver metropolitan region is a different story, as office space vacancy has decreased for six consecutive years and leasing rates continue to increase (averaging $23.81 per square foot for full-service office leases in Denver mid-2015). Continue reading “Small Business Tips: Factors to Consider When Leasing Office Space”